Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.8752787 |
details, prediction |
Bitcoin Cash
BCH
|
0.8353614 |
details, prediction |
Cardano
ADA
|
0.6774336 |
details, prediction |
XRP
XRP
|
0.27423736 |
details, prediction |
Binance Coin
BNB
|
0.15645027 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9019205 |
details, prediction |
Siacoin
SC
|
0.8605824 |
details, prediction |
Waves
WAVES
|
0.8336832 |
details, prediction |
IOTA
IOT
|
0.79293305 |
details, prediction |
Bitcoin Gold
BTG
|
0.7746381 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9572959 |
details, prediction |
Komodo
KMD
|
0.93968886 |
details, prediction |
Stox
STX
|
0.8793269 |
details, prediction |
NEM
XEM
|
0.85893196 |
details, prediction |
IoTeX
IOTX
|
0.83774626 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ardor price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Ardor
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.9049596 |
details, prediction |
Ethereum
ETH
|
-0.6491069 |
details, prediction |
Bitcoin
BTC
|
-0.52773416 |
details, prediction |
ZCash
ZEC
|
-0.45924714 |
details, prediction |
ChainLink
LINK
|
-0.38903585 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.6058072 |
details, prediction |
Algorand
ALGO
|
-0.5488975 |
details, prediction |
True USD
TUSD
|
-0.40327355 |
details, prediction |
Nexo
NEXO
|
-0.30619165 |
details, prediction |
DASH
DASH
|
-0.27493137 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.80367976 |
details, prediction |
Ontology
ONT
|
-0.690046 |
details, prediction |
HEROcoin
PLAY
|
-0.5049999 |
details, prediction |
Enjin Coin
ENJ
|
-0.48914352 |
details, prediction |
NKN
NKN
|
-0.431787 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)